8-KLeadership ChangesExhibits & Filings

DoorDash, Inc. 8-K Report, Executive Changes (Jan 25, 2022)

Filed January 25, 2022For Securities:DASH

Summary

DoorDash, Inc. (DASH) announced a significant addition to its Board of Directors with the appointment of Greg Peters on January 19, 2022. Mr. Peters will serve as a Class I director, with his term extending to the 2024 annual stockholder meeting. This appointment is a key development as it brings potentially new expertise and perspectives to the company's strategic decision-making. In addition to his board seat, Mr. Peters has been appointed to the Nominating and Corporate Governance Committee (NGC Committee). This role suggests a focus on company governance and the nomination of future board members and executives. His compensation will align with the company's established outside director compensation policy, which includes both cash and equity components, reflecting standard practices for non-employee directors.

Key Highlights

  • 1Appointment of Greg Peters to the Board of Directors, effective January 19, 2022.
  • 2Mr. Peters appointed as a Class I director with a term expiring at the 2024 annual meeting.
  • 3Mr. Peters also appointed as a member of the Nominating and Corporate Governance Committee.
  • 4Compensation for Mr. Peters will be in accordance with DoorDash's standard outside director compensation policy (cash and equity).
  • 5Mr. Peters has no disclosed material interest in any related-party transactions.
  • 6No family relationships exist between Mr. Peters and current DoorDash officers or directors.
  • 7No specific arrangements or understandings were disclosed regarding Mr. Peters' appointment.

Frequently Asked Questions

The filing does not provide specific biographical details about Greg Peters or the strategic rationale behind his appointment, other than his joining the Board and the Nominating and Corporate Governance Committee. Investors would typically look for background information on new directors to understand the expertise they bring to the company.

The Nominating and Corporate Governance Committee is responsible for identifying and recommending qualified candidates for the board and overseeing corporate governance practices. Mr. Peters' appointment to this committee suggests the company is actively engaged in board refreshment and governance oversight.

Mr. Peters will receive compensation under DoorDash's existing outside director compensation policy, which includes both cash and equity awards. Specific details of this policy are available in previously filed proxy statements and registration statements.

According to the filing, Greg Peters has no direct or indirect material interest in any transaction that requires disclosure under Item 404(a) of Regulation S-K, and there are no disclosed family relationships with existing officers or directors that would indicate a conflict.